Management Meeting: Duke Energy Presents a Strong Regulated Growth Story
We are reaffirming our $86 fair value estimate, narrow moat and stable moat trend ratings for Duke Energy after meeting with the company's senior management at the American Gas Association Financial Conference in Orlando. We are reaffirming our 6% annual earnings-growth rate from 2017-21, at the top end of management's 4%-6% target.Duke has become a much cleaner story for investors to understand since divesting its merchant generation and Latin American operations. We forecast Duke will spend $...
Duke Energy is a holding company. Through its subsidiaries, the company operates as an energy company. The company's segments include: Electric Utilities and Infrastructure, which provides retail electric service through the generation, transmission, distribution and sale of electricity to customers within the Southeast and Midwest regions of the United States; Gas Utilities and Infrastructure, which conducts natural gas operations, as well as owns, operates and has investments in various pipeline transmission and natural gas storage facilities; and Commercial Renewables, which acquires, develops, builds, operates and owns wind and solar renewable generation throughout the continental United States.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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